Chad’s macroeconomic developments have been negatively affected by a series of adverse and long-lasting shocks WASHINGTON DC, United States of America, January 18, 2022/APO Group/ —...
Fiscal policy must remain anchored in a credible revenue-based consolidation towards a fiscal deficit of 3% of GDP by 2024 WASHINGTON DC, United States of America,...
The success of the IMF program also depends on a series of reforms aimed at improving the transparency, accountability, and efficiency of public finances. WASHINGTON DC,...
The economic recovery is expected to continue for years to come, although the pandemic will leave some scars WASHINGTON DC, United States of America, December 11,...
With many African countries battling debt service shackles amid the downward economic trend caused by COVID-19, a $ 7.1 trillion ‘New Deal’ has been suggested as...
The IMF team reached a staff-level agreement with the Zambian authorities on a three-year program that could be supported by an arrangement under the Extended Credit...
Decisive actions are needed to lock in economic stabilization gains and accelerate reforms WASHINGTON DC, United States of America, November 16, 2021 / APO Group /...
The authorities remained firmly committed to their economic program in this complex environment WASHINGTON DC, United States of America, November 5, 2021 / APO Group /...
IMF team and authorities discussed the 2022 draft budget to achieve key program objectives WASHINGTON DC, United States of America, October 27, 2021 / APO Group...
After a contraction of 7.1% of GDP in 2020, the Malagasy economy is gradually recovering WASHINGTON DC, United States of America, October 26, 2021 / APO...
The authorities provided liquidity to the financial sector and continued to monitor financial sector vulnerabilities WASHINGTON DC, United States of America, October 26, 2021 / APO...
As sub-Saharan Africa goes through a persistent pandemic with repeated waves of infection, a return to normal will be far from easy WASHINGTON DC, United States...
Authorities and staff discussed policies and reforms underlying the SMP WASHINGTON DC, United States of America, October 12, 2021 / APO Group / – Progress on...
The IMF team would like to thank the Chadian authorities and other counterparts for their hospitality, excellent cooperation and frank and constructive discussions. WASHINGTON DC, United...
By Cecilia Ologunagba UN Secretary-General António Guterres has called for greater support for vulnerable countries as they tackle the challenges of over-indebtedness, lack of investment, unfair...
On the basis of the current allocation formula, the resources directed to the African continent are incommensurate with their financing needs. ADDIS-ABABA, Ethiopia, October 2, 2021...
COVID-19 pandemic caused unprecedented recession in Africa in 2020 WASHINGTON DC, United States of America, October 1, 2021 / APO Group / – Ms. Kristalina Georgieva,...
Directors commended the authorities’ fiscal prudence and debt restructuring efforts which have contributed to debt sustainability WASHINGTON DC, United States of America, September 28, 2021 /...
The African Development Bank’s share of adaptation finance has increased from 49% in 2018 to 55% in 2019 and 63% in 2020 ROTTERDAM, Netherlands, September 7,...
By Temitope Ponle The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years....